European markets head for mixed open ahead of ECB rate decision

The central bank is expected to keep rates steady as economic activity in the euro area decelerates at a faster pace than previously expected.European stock markets closed slightly lower Wednesday as investors reacted to stronger than expected U.S. inflation data.

The consumer price index, which measures costs across a broad variety of goods and services, rose 3.7% from a year ago, the U.S. Department of Labor reported Wednesday. Economists surveyed by Dow Jones had forecast an increase of 3.6%. On a monthly basis, prices increased 0.6%, in line with expectations.

The core consumer price index, which excludes food and energy and is closely monitored by the Federal Reserve, rose by 0.3% on the month and 4.3% on the year. Economists polled by Dow Jones signaled rises of 0.2% and 4.3%, respectively., the British chip design company founded in 1990, will begin trading in New York on Thursday for the first time after being taken private by SoftBank in 2016.

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